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Business of the Week

Business of the Week. Elizabeth Humphrey, Sarah Joh. About: The Economic Vitality Action Team. A component of the Corvallis Sustainability Coalition focusing on promoting and strengthening the local economy Their principles: Demographic Diversity Availability of Jobs

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Business of the Week

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  1. Business of the Week Elizabeth Humphrey, Sarah Joh

  2. About: The Economic Vitality Action Team • A component of the Corvallis Sustainability Coalition focusing on promoting and strengthening the local economy • Their principles: • Demographic Diversity • Availability of Jobs • Recognitions of growth limits • Local production • Sufficient infrastructure • Congruent culture • Proactive transition

  3. About:Local Business of the Week Program May sound familiar because you have seen "Buy Local" posters around town • Began in 2011 • An initiative sponsored through a collaboration between the Corvallis Sustainability Coalition and Corvallis Independent Business Alliance (CIBA) • Goal: To promote members of community to consider local options when planning purchases

  4. Why local? Reasons given by the Sustainability Coalition "Money spent in a locally owned business generates more economic benefits, measured in income, wealth, jobs and tax revenue than money spent at a national chain or globally owned business." • Prosperity: Of every $100 spent at a locally owned business, $45 goes back into the local economy. Only $13/100 spent at a chain store stays in the community. • Stability: Local ownership minimizes the chance that a company or business will pull up stakes and move to another town. • Flexibility: Locals are more available to their customers/more interested in developing personal relationships, and accommodate customers’ requests. • Diversity: Local businesses help a community retain its unique character. • Sustainability: Shopping at locally owned business decreases transportation costs, reduces the use of underpaid labor, and rewards those who are not outsourcing jobs.

  5. Sustainability concepts

  6. What we did. Every week, the Buy Local features a local business online through the Local Business of the Week program. • Goal is to help community identify local alternatives to • Business of the Week releases an online article of an interview with a business owner.

  7. Featured business:Mid-Valley Tile • http://sustainablecorvallis.org/action-teams/economic-vitality/buy-local-first/local-business-of-the-week/business-of-the-week-archives/business-of-the-week-mid-valley-tile/

  8. Featured business: Block 15 http://sustainablecorvallis.org/action-teams/economic-vitality/buy-local-first/local-business-of-the-week/business-of-the-week-archives/business-of-the-week-block-15/

  9. Featured business: Solar Ki http://sustainablecorvallis.org/action-teams/economic-vitality/buy-local-first/local-business-of-the-week/business-of-the-week-solar-ki/

  10. Featured business: Forks and Corks http://sustainablecorvallis.org/action-teams/economic-vitality/buy-local-first/local-business-of-the-week/business-of-the-week-forks-and-corks/

  11. Conclusions • Program was a good way to be involved in the community • LOTS of interesting local businesses • Takes more time to schedule and conduct interviews than we anticipated • Corvallis is host to many inspired people

  12. Sources • http://sustainablewellbeing.us/wp-content/uploads/2012/12/NaturalStep_4Principles.jpg • http://sustainablecorvallis.org/action-teams/economic-vitality/ • http://www.naturalstep.org

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